Moving Average Golden Crosses (CTL,PLT,DNKN,CIEN,SPWR)
Here are the Master's picks:
The 50 day and 200 day moving average crossover is a heavily used tool to emphasize the trend and smooth out of price movements. It is often thought that a stock that has a price trading above its 50 day moving average and if the 50 day moving average is above the 200 day moving average, then the stock is healthy and should continue upward in the near future.
The 50 day and 200 day moving averages are also used as support and resistance areas. When trading above, they act as support, which can give you an extra edge in your trades.
CenturyLink Inc (CTL) is currently trading at $39.73. Its 52 week range is between $36.31 and $43.43.
Plantronics Inc (PLT) is currently trading at $37.15. Its 52 week range is between $28.76 and $40.82.
Dunkin' Brands Group Inc (DNKN) is currently trading at $34.11. Its 52 week range is between $25.2 and $37.02.
Ciena Corp (CIEN) is currently trading at $15.46. Its 52 week range is $11.44 and $18.39.
SunPower Corp (SPWR) is currently trading at $7.99. Its 52 week range is between $3.71 and $9.54.
MASTERY Bottom line:
Moving average crossover systems can be very effective, however, they should be used with other aspects of technical analysis (candlesticks, momentum, volume, etc.). While it is easy to find a system that has worked well in the past, there's no guarantee that it will work in the future..
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Is This The Chart That Has High-Yield Investors Running For The Hills? | ZeroHedge
- Pending Home Sales Tumble From Recovery Highs, Biggest Miss In 2014 | ZeroHedge
- Split Times at Mr. Market’s High | iBankCoin.com
- 3 Reasons Yellen's FOMC Remains Dovish | Financial Sense
- Five Stocks Paying Their Union Dues | iBankCoin.com
- "Reprehensible" Lloyds Bank Agrees To $105 Million Wristslap For Manipulating Libor | ZeroHedge
- Consumer Confidence Explodes Higher To October 2007 Highs | ZeroHedge
The most relevant financial news and articles from the Internets
- Texas Congressman Thinks Rick Perry Could Create A '... | Business Insider
- Why You Weigh Less In The Morning Than At Night | Business Insider
- LinkedIn Just Completely Revamped Its Mobile App To Help You Make More Connections | Business Insider
- BLACKROCK: Investor Fatigue Seems To Be Setting In | Business Insider
- Workers For The Qatar World Cup Say They Haven't Been Paid In More Than A Year,... | Business Insider
- Uber Will Now Let Your Employer Pick Up Your Tab For Business Trips | Business Insider
- Dollar Tree, Family Dollar Merge, Coach & Herbalife Earnings, Jim's Marathon | TheStreet.com